Bold structural reforms are crucial to boost growth in the face of a rapidly ageing population and very high government debt. Effective implementation of all three arrows of Abenomics is required. Fiscal consolidation is imperative but must be carried out while promoting social cohesion. Monetary stimulus should continue until inflation is sustainably at the 2% target. Read the survey online

For further information please contact the Japan Desk at the OECD Economics Department.

The Secretariat’s draft report was prepared for the Committee by Randall S. Jones, Kohei Fukawa and Myungkyoo Kim under the supervision of Vincent Koen. Research assistance was provided by Lutécia Daniel.